BANKEX Opens Crypto Asset Custody Service For Investors & Institutions

BANKEX has announced the launch of its new Crypto Custody platform, the first cryptocurrency deposit with no minimum fund limit.

The new service will offer comprehensive coverage of risks in crypto-fund storage, covering convergence in the event of human factor, natural damage and virtual threats. Custody was developed by BANKEX in collaboration with DataArt, a global technology consulting firm with over 20 years of experience.

What Is BANKEX Crypto Asset Custody Service?

The BANKEX Custody service is analogous to a safe deposit box with no minimum initial deposit. It will accept 4 types of cryptocurrencies for storage: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTE). It will only request a commission of up to 0.02% of the total volume of cryptocurrencies stored payable in the same denominations owned. He hopes to accept BKX, the BANKEX ecosystem-friendly token, which will be used both for payment for the service and to store funds as well.

The users of blockchain or cryptocurrencies still lack a stable customer service in their respective forms. And this is precisely one of the main obstacles for people taking their first steps in the blockchain economy.

BANKEX Crypto Asset Custody Service Services

Custody plans to implement a large platform of customer service level to comfort users with human presence, similar to the concierge services that imitates private banking, which are available to the user through a fair percentage rate.

Personalized Customer Service

Custody customer service works in similar to offline concierge services, such as conventional account access via email address and password, and transaction assistance. Custody terms and conditions include password recovery and the ability to set up and manage backup systems similar to other online accounts.

No Minimum Deposit

It offers identity asset management and cryptocurrencies services with no minimum deposit required to take advantage of customer service or security benefits.

Maximum Security

Related to typical human factor risks, such as password forgetfulness, as well as the risk of natural damage and virtual threats from hackers, are completely resolved for all users.

How To Use BANKEX Crypto Asset Custody Service

The way an account holder uses a cryptocurrencies account at Сustody is similar to using a regular deposit box account. A bank or fund simply makes an agreement for the storage of assets in cryptocurrencies with Custody and upon registration, all the keys to the cryptocurrencies wallets are stored in the deposit.

The client receives a regular deposit receipt for the assets stored in cryptocurrencies, a commercial and legal document that can be placed on any balance sheet as a regular asset.

Added Value For Future Thinkers

Crypto Custody plans to offer a practical solution to the default administration of intestate inherited accounts that are not provided for in a will or trust and that lack instructions for deposit allocation.

User agreements with Custody Concierge Services include default Dispersion Agreements that are legally binding on the probate court presiding in any jurisdiction.

For more information about Crypto Custody, visit its official website: custody.bankex.com

About BANKEX

It is one of the Top 50 largest companies in the world of Fintech, which provides blockchain-based technologies and services to digitize a wide range of asset classes in the digital economy for the development of a global tokenized ecosystem.

Among its technologies are the Proof-of-Asset Protocol (PoA) for tokenization, the Plazma Protocol, BKXScan, BANKEX Smart Justice, BANKEX Trust Service, and the Solidity Floating Point Library.

About DataART

It is a leading global technology consulting firm with over 20 years of experience in the design, development and support of unique software solutions for finance, telecommunications, retail, healthcare, IOT and other companies.

Among DataArt's clients are such well-known brands as Ocado, Apple Leisure Group, Travelport, Betfair and others. For more information, visit dataart.com

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